3M Co (NYSE:MMM) updated its FY16 earnings guidance on Tuesday. The company provided EPS guidance of $8.10-8.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.22, AnalystRatings.NET reports.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of 3M from a hold rating to a sell rating in a research report on Tuesday, October 27th. Goldman Sachs increased their price target on shares of 3M from $147.00 to $151.00 and gave the company a neutral rating in a research report on Wednesday. William Blair reiterated a market perform rating and set a $149.00 price target on shares of 3M in a research report on Wednesday. Sanford C. Bernstein reduced their price target on shares of 3M from $165.00 to $160.00 and set a market-perform rating on the stock in a research report on Wednesday, December 16th. Finally, RBC Capital reduced their price target on shares of 3M from $140.00 to $136.00 and set an underperform rating on the stock in a research report on Wednesday, December 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $158.64.

Shares of 3M Co (NYSE:MMM) opened at 145.55 on Thursday. 3M Co has a 12-month low of $134.00 and a 12-month high of $170.50. The company has a 50-day moving average of $146.24 and a 200 day moving average of $149.05. The company has a market cap of $89.62 billion and a PE ratio of 18.81.

3M (NYSE:MMM) last posted its quarterly earnings results on Tuesday, January 26th. The company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.03. The business earned $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 earnings per share. On average, equities research analysts expect that 3M Co will post $8.22 EPS for the current year.

In other news, VP Marlene Mary Mcgrath sold 9,126 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $159.26, for a total transaction of $1,453,406.76. Following the sale, the vice president now directly owns 10,198 shares of the company’s stock, valued at approximately $1,624,133.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joaquin Delgado sold 11,370 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $158.29, for a total value of $1,799,757.30. Following the sale, the executive vice president now directly owns 14,568 shares in the company, valued at $2,305,968.72. The disclosure for this sale can be found here.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial, which serves a range of markets, such as automotive original equipment manufacturer (NYSE:MMM) and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction; Safety and Graphics, which serves a range of markets for the safety, security and productivity of people, facilities and systems; Electronics and Energy, which serves customers in electronics and energy markets, including solutions for electronic devices, telecommunications networks, electrical products, power generation and distribution, and infrastructure protection; Health Care, which serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems, and Consumer, which serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets.

12 Month Chart for NYSE:MMM

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